Building Industry Association of Southeastern Michigan (BIA), Michigan Association of Home Builders (MAHB) and the National Association of Homebuilders (NAHB) are joining forces to host a major mid-summer Rally for Homeownership where federal, state and local officials will join with Michigan citizens to highlight the need for pro housing policies at the local, state and federal levels. This non-partisan event is one of seven major homeownership rallies currently planned by NAHB throughout the country in 2012.
“It is important that we revive the housing market, create jobs and spur growth for the entire U.S. economy,” said Michael Stoskopf, CEO of BIA. “The home is central to American life, and homeownership is a cherished ideal for most families.”
Legislative and regulatory proposals now under consideration by government policy makers would greatly harm homeowners, home buyers, the housing market and the nation’s economy.
“It is important that Michigan families know homeownership is under attack and have an opportunity to have their voices heard by our legislators,” said Robert Filka, CEO of MAHB.
The event, which is open to everyone who is interested in protecting and enhancing the American dream of homeownership will take place on Friday, July 20 from 11:00 a.m. to 1:00 p.m. at Gardenview Estates Development, located at Joy Road and the Southfield Freeway in Detroit. As many as 700 concerned citizens, legislators and policy makers are expected to attend.
NAHB has established a website at which people can register to attend the rally and sign a petition of support. The site can be found at www.ProtectHomeownership.com. The site describes how tax, legislative and regulatory policies currently under consideration would scale back or eliminate the mortgage interest deduction and make mortgages and small business loans unaffordable and difficult to obtain. It also features expert analysis and reports, data from homeownership surveys and polls, and the answers to many frequently asked questions about housing and homeownership.
“A strong housing market is not only important to help more Michigan citizens realize the dream of homeownership, but it is essential to revitalizing Michigan’s economy,” said Filka. When builders are constructing homes that means jobs and investment, which provide a better quality of life and support for Michigan schools and municipalities.”
“Housing means jobs,” added Mr. Stoskopf. “NAHB estimates that for each new home that is built, three new jobs are created, not only for builders but in the industries where lumber, concrete, lighting fixtures, heating and cooling equipment and other products that go into a home are produced. More jobs are created when real estate agents, lawyers and brokers provide services to home builders and home buyers. Beyond that, every house that is built generates about $90,000 in government revenue – $67,000 in federal taxes and $23,000 in state and local taxes.”
Headquartered in West Bloomfield, Building Industry Association of SE Michigan is a trade association representing nearly 600 builders, remodelers, multi-family property owners, developers and suppliers to the single family and multi-family residential construction industry. BIA is affiliated with the Michigan Association of Home Builders in Lansing and the National Association of Home Builders in Washington, D.C.
Headquartered in Lansing, Michigan Association of Home Builders is a professional trade association comprised of 28 local homebuilder associations around the state and their builder, subcontractor and supplier members. MAHB works to positively promote the building industry and impact legislative, regulatory and legal issues affecting housing affordability.
National Association of Home Builders is a Washington-based trade association representing more than 140,000 members involved in home building, remodeling, multifamily construction, property management, subcontracting, design, housing finance, building product manufacturing and other aspects of residential and light commercial construction. NAHB is affiliated with 800 state and local home builders associations around the country. NAHB’s builder members will construct about 80 percent of the new housing units projected for this year.